What is POS?

What is POS?

POS - Computer

what is pos

What Does POS Stand For?

Executive summary by Amy Nutt

What is POS, and how does it help your business? POS stands for "Point of Sale." Almost all POS systems are computerized for accuracy and convenience.


Essential Parts of a POS System
If you are in the market for a new POS system, you need to know what the basic parts are. Keep in mind that you can buy your POS system as a bundle, with software included, or you can put together your own system by buying the parts separately.
POS Computer - The computer is the most important part of the system. Some POS computers are like PCs that run POS software that you load onto them. 

POS - Cash Drawer

Cash Drawer - The cash drawer is where you will keep any money, checks, or credit card receipts that you receive. 
POS Monitor - The monitor allows you to see what you are inputting into the POS computer. Many POS monitors are touch-screen enabled, which allows them to be the input device, eliminating the need for a keyboard.
Scanner - Some scanners are hand held, while others are imbedded into the POS device. 
Receipt Printer - The receipt printer is connected to the POS system to allow you to quickly print off a receipt for your customer. In many systems the receipt printer also prints the receipt that the customer signs when paying via credit card.

POS - Monitor

Optional POS Components
There are other components of a POS system that you may or may not need. 

POS - Scanner

Credit Card Terminal/Signature Capture Device - If you intend to take credit cards, you will need a way to read them. Your POS system may have a built in credit card reading option, but if it does not you will need a credit card terminal. You will also need a pin pad to allow your customer to input PIN numbers and sometimes an electronic signature.

POS - Receipt Printer

Keyboard and Mouse - If you do not have a touch screen on your system, you will need a keyboard and possibly a mouse to input information into your system. Build a POS system that will be convenient, easy to understand, and efficient.

POS - Keyboard

POS - Customer Pole Display

Customer Pole Display - Customers like to see that their order is being rung up correctly. If they are not going to be able to see the monitor in your setup, consider investing in a customer pole display that shows them a summary of what is being imputed into the system. You may not need this if your pin pad shows a summary of what is being done with the order.

POS

POS - Credit Card Terminal

Executive summary by Steve Valentino

POS technology has revolutionized consumerism around the world. POS are designed to streamline sales processes and increase efficiency at the point of sale. The error margin in accounts and staff management is considerably less compared to manual POS management, as information is stored and accessed electronically.


With the advent of wireless technology, POS has taken a step forward with handheld POS systems that bring information to your fingertips.

POS -Signature Capture Device

Basic computer requirements for a basic POS system are Windows, UNIX, or Linux, depending upon the kind of software used for point-of-sale activities. Gathering business intelligence becomes much faster with the aid of a POS system, providing for accurate planning of profit margins and increasing sales efficiency.


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What is POS?